Hughes Gets Citys OK for 1st Piece of 37,000 Acre Buckeye Project

Article originally posted on Phoenix Business Journal on September 12, 2023

Howard Hughes Holdings Inc. has received final plat approvals to begin moving forward on the first piece of its 37,000-acre master-planned community in Buckeye.

Teravalis is Howard Hughes’ (NYSE: HHH) largest proposed master-planned community to date, said Heath Melton, president of the Phoenix region for the company. Howard Hughes is headquartered in The Woodlands, Texas, north of Houston.

The first village of the project is called Floreo, which will be developed at the northwest corner of Sun Valley Parkway and a new street approved in the plats called Teravalis Parkway, Melton said.

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